As with all doom&gloomers and bubblebusting proponents, when refuted, you get even more hysterical....in both senses of that word.
Not ALL Baby Boomer retirees are going to sell their homes and move south or west. Many BOOMERS already have second and third homes. And there are a lot more of them, than in any previous generation, who have retired early.
You claimed that ALL of the Northeast would fall prey to problems from a bursting housing bubble. That just isn't so, Not every region, not even every state has seen a large real estate surge in the past 5 years. Ergo, they are unaffected buy a turn down in real estate; whic h IS and has been selective.
Since many people who live in Jersey and Ct. work in N.Y.C., they wouldn't be hit by any job losses.
And BTW, lots of retirees and Baby Boomers own a second or third home in N.H. and Vt.!
You have NO idea what my circumstances are, nor that of most FREEPERS. To make snide, not to mention spurious and fallacious comments about Florida real estate, is also a dumb move on your part. FYI....you couldn't have bought a house on Bird Key, in 1995, for $300,000 unless it was a complete tear-down; pet. And it might be true that in the entire state of Florida, the "average" home may cost $250,000 today, none of them are situated in places that most people consider moving to.
Oh yes and IF you think that you can find a house on the water or in a gated community, or in a gated, golf course community in the southwestern part of Florida, today, for $250,000, you have NO idea what THAT market is like at all!
You're also ignoring the fact that many Baby Boomers have now or soon shall be inheriting a LOT of money from their parents, who were SAVERS; unlike many people today. They have money/assets to use, quite removed from just the price of their own homes.
large real estate surge? yes, the southern states have seen a massive surge in pricing and homes sales in the passed 10 years.
bird key? pet? check the time, I think your meds wore off. boomers don't save, yet they have 2 or 3 houses? they are just waiting on their parents to die so they can loot the bank accounts? quality people you must know.
And just like your earlier statement that somehow Manhattan was representative of the northeast, now the southwestern part of Florida is somehow representative of the entire state?
looking at your other posts, I think maybe you need to lighten up on the caffeine.